Really a promotion?
Rivet's stated promotion could be anything but. Every company has a CFO as one of the most senior executive positions, many also have a chief operations officer (COO) too, but you don't hear about chief operations and administrative officers too often.
Apparently Rivet's new responsibilities will include: supply chain, human resources, and information technology organisations. He will be replaced as CFO.
Dirk Meyer, AMD president and CEO, said: "Placing these proven, experienced leaders in expanded roles will strengthen our customer relationships, enhance our execution and drive progress against our corporate objectives.
"Emilio brings more than 20 years of computer sales and marketing experience that will help AMD continue to strengthen and expand our global customer relationships. Bob's proven operational discipline and leadership will help AMD evolve operationally as a smarter, more flexible company."